Why Mobile Banking Is Risky For Companies and Also You?

Mobile banking is increasingly popular. Understandably this way offers the ease and convenience for customers. Can access the account at any time and from anywhere without physically waiting in line at the bank.

More than 30% of the company, according to a survey of Kaspersky Lab and B2B International, using mobile devices to access the corporate banking accounts and perform financial transactions. Even one of the two company officials conduct financial transactions to the company accounts through the mobile banking application. Financial transactions via mobile applications not only do officials of the company (54%), but also employees (8%).

The survey results also showed that 28% of small and middle-class companies and 34% of corporate conduct financial transactions via mobile devices.

Why Mobile Banking Is Risky
Why Mobile Banking Is Risky?

Both the growing use of mobile devices for banking transactions the company was able to put the financing company at risk seriously enough. Because cyber threats on mobile devices in recent years is increasingly widespread and as dangerous as cyber threats on the computer for the user.

In the third quarter of 2015, Kaspersky Lab products for the mobile device has detected more than 300,000 new malicious programs. Of these, the highest growth is owned by Trojan-Banker designed to steal user credentials for Internet banking and e-payment systems and credit or debit card data. The percentage of this type of malware increased from 0.6% (630 programs) in the second quarter, to 1.5% (2500 program) in the third quarter.

Responding to this trend, Kaspersky Lab recommends banks to undertake operational measures to secure and prevent acts of fraud. The goal of course guarantee the security of mobile banking applications, to protect confidential data of customers, and maintaining corporate transactions and high-value customers.

“All service users mobile banking, the company and the customer, should be alert to safety and their online behavior and also questioned their banks about the steps – the steps taken to ensure the security of their financial transactions,” said Ross Hogan (Global Head of Fraud Prevention at Kaspersky Lab ).

Kaspersky Lab recommends the application of multiple layers of protection for the company’s IT infrastructure, such as Kaspersky Security for Mobile. Specifically for the banking sector, Kaspersky Lab has Kaspersky Fraud Prevention SDK – a set of tools that can be used to create and configure a secure mobile applications that meet a wide range of information security requirements.

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